René-Thierry Magon de la Villehuchet

Businessperson, Deceased Person

1943 – 2008

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Who was René-Thierry Magon de la Villehuchet?

René-Thierry Magon de La Villehuchet was a French aristocrat, money manager, and businessman. He was one of the founders of Access International Advisors, a company caught and subsumed in the Madoff investment scandal in 2008.

He was born in Saint-Malo, France.

The AIA Group was a research analyst investment agency that specialized in managing hedged and structured investment portfolios that involve commercial physical and biological research.

On 22 December 2008, Magon de La Villehuchet reportedly committed suicide. He was found dead in his company office on Madison Avenue in New York City the following morning. His left wrist was slit and he had taken sleeping pills. Although no suicide note was found at the scene, his brother in France received a note shortly after his death in which he expressed remorse and a feeling of responsibility. AIA Group had lost $1.5 billion, including Villehuchet's own personal fortune. After Madoff's Ponzi scheme imploded, Villehuchet held out some hope he'd be able to recover some of his money, and opted to take his own life when it was apparent that it was irretrievably lost.

Magon de La Villehuchet lived in New Rochelle, New York, and came from a prominent French family. Before founding AIA Group, he was the chairman and CEO of Crédit Lyonnais Securities USA. He also contributed to the founding of Apollo Management, financial management firm established by financier Leon Black. He was also a member of New York Yacht Club, the Larchmont Yacht Club—a racer in the Star and Shields sailboat classes—and the St. Malo Bay Nautical Club in France. He left behind a wife.

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Born
1943
Saint-Malo
Nationality
  • France
Profession
Died
Dec 23, 2008
New York City

Submitted
on July 23, 2013

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